Peloton (NASDAQ: $PTON) Touches 0.786 Fib For 2nd Time! 🏃♂️Peloton Interactive, Inc. provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes. As of June 30, 2021, it had approximately 5.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and at onepeloton.com. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.
Peloton
PTON Peloton potential takeover by Amazon ??Amazon has reached out Peloton about a potential deal.
The Financial Times said Nike is also considering a bid.
Peloton's market value is around $8.1 billion, down from its high last year of $50bn.
Looking at the chart, PTON touched 3 times the buy area of 23usd and just bounced from that support.
My price target is 37usd.
Looking forward to read your opinion about it.
PTON Peloton Buy area after a Massive Head and Shoulders The price target of the massive head and shoulders bearish chart pattern was reached yesterday.
Insiders sold around 500Mil worth of shares last year.
PTON went lower than its IPO price, $29 and is now trading in a consolidation area.
the price is not yet safe in that range.
My buy area is $18 to $24.5
Looking forward to read your opinion about it.
Peloton, 5 Jan: Ready to buy?Peloton has lost -81% since January 2021. The pain and destruction in this chart are real. But we know that nothing goes up or down forever. JP Morgan finally downgraded the stock on 31 Dec, which is so unbelievably late that we may now take a contrarian position.
Elliott:
We are able to count 5 waves to the downside. The 78.6% retracement is at 29.
Geometry:
Price is approaching the lower boundary of the pitchfork/channel. Price responded well to the previous fibonacci levels within the channel.
Oscillators:
The Stochastic is oversold since Nov, and due to move up. The RSI shows a bullish divergence.
How to trade it:
PTON may drop further to complete the wave and reach the lower boundary of the channel. The idea is to pick the stock up at this level and to increase long exposure once we observe a higher high, indicating the break of the downtrend.
Peloton Interactive (USA: $PTON) Is Trading At A Steep Discount!Peloton Interactive, Inc. provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes. As of June 30, 2021, it had approximately 5.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and at onepeloton.com. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.
Eek look out below $PTON, next stop $68. H&S top confirmed.This is one of the ugliest charts I've come across in a while. It looks to be breaking down from a head and shoulders top w/ the neckline at ~$94.
Next stop at $68, with lower supports at $52, $43 and $34. Break one support and we'll see the next level down.
Peloton Dip Buying OpportunityThis asset and the whole market are probably overvalued but IF you are a Peloton bull and PTON doesn't go under, then this is a good an opportunity as ever after losing over 30% overnight. Could be terminating a third corrective move (wave C) of a bull flag forming since January and its down 70% from ATH. The bottom of the uptrend channel forming since being listed has not been formed but given the direction of important trendlines, this could be the area where the lower boundary is formed.
$PTONIn its most recent quarter, Peloton reported 2.3 million connected fitness subscribers. These members purchased a Peloton exercise machine and paid $39.99 per month to access Peloton's live and recorded exercise classes.
Overall, subscription revenue totaled $281 million in the fourth quarter.
Compare that to Peloton's total revenue of $936 million in the quarter, and it shows the bulk of its sales come from products.
That could be a challenge for the company because the products it sells can last for several years. That means once Peloton saturates its total addressable market -- estimated by management at 75 million households -- its sales could drop off significantly.
Peloton would then have to rely on existing customers upgrading older machines every few years.
The good news is that the subscription side of the business will bring in recurring revenue at higher margins. Indeed, the gross profit margin of the subscription business was 63.3% in the latest quarter compared with 56.8% a year earlier. And there is the potential to increase prices on subscribers over time as the company adds content. There is also the potential to improve the gross margin on the subscription segment as Peloton adds more members.
The cost of creating the content will be roughly the same, but it will be spread out over a larger audience.
Peloton has taken a big hit over the past month moving from $112 down to the mid $80s but in saying that, It looks like it’s found some support on the daily chart.
Whether it will hold or not, that’s another question.
Only time will tell.
Going into next week this should be on watchlist.
If price is able to hold it gives a good opportunity for a long but if it breaks below support, it also gives a good opportunity to go short.
Keep your eyes on this one.
Watchlist this.
As requested, we'll study PTON today!As a request from my buddy @ke-3a, I’ll analyze PTON today!
In the 30min chart it did break the 104.50, a pivot point, and reversed the sentiment nicely. Now, it may seem PTON just hit its target at 110.56, and is starting to look overbought again, as the RSI is quite high too.
But this is not true in the 4h chart. The chart is pointing up, and the momentum seems good. We have a line connecting the bottoms in red, the 20ma is a support too, and the most interesting part: PTON hit the $ 102.56 and it is going up again. The 102.56 was a resistance a few days ago.
The problem is the RSI that did an advanced breakdown. So, if I had PTON, how would I proceed?
A correction in the 30min is expected, maybe to the 107 again, but it must not break the 102. If this happens, we’ll see a head and shoulders + advanced breakdown, and I would just get out of it.
But the 113.91 is another pivot point, and if PTON breaks it, the 125 is our next stop. I would hold it and look at these points.
I hope it helps! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
PELOTON Interactive expected stocks movement!Hi every one
PTON
So this the chart of PELOTON Interactive stocks .this company make sports gears! as you can see this instrument has been in a falling wedge for a good amount of time but now this pattern has been broken and the price has done It's pullback to this pattern's upper line.we think that this stock's price has the potential to reach the top of the wedge once again. recently there has been positive news for this company so there is a good chance that the price would Increase to the top of the wedge pattern.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
PTON Head and ShoulderPTON broke through the downside from a H & S pattern during the news about the treadmill recall. More recently it bounced back to retrace and touch the neckline break. Now it seems it is ready to continue lower. The treadmill recall issue looks like it will hurt the company's earnings, giving more weight to this pattern playing out.
Peloton potential short opportunity A great run for Peloton but after breaking an aggressive uptrend late February it looks like it could be forming a huge Head & Shoulders pattern. The price has corrected up to the 38.2 Fibonacci level after this years drop from the highs seen at the end of 2020. Potential short back down the neckline and support around 95.